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9 Feb 2015
EUR/AUD falls to fresh lows, fast approaching 200-DMA
FXStreet (Mumbai) - The shared currency erased previous gains and edged lower versus the Australian dollar as the Euro trades volatile amid escalating Greece worries, while the Aussie rebounds from China data back slump.
Hovers above 1.4480 levels
Currently, the EUR/AUD cross trades at 1.4487 levels, losing -0.18% on the day, close to fresh daily highs posted at 1.4480 levels few minutes ago. The cross traded lower largely on Aussie strength which continues its recovery after a slump in Chinese imports dragged the pair lower in the Asian session. The cross remains pressured as market participants await this week's Euro group meeting and the European Union summit that may ease the Greek situation
At the moment, the AUD/USD pair trades at 0.7809, up 0.13% on the day. While EUR/USD trades flat at 1.1312 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4550 levels, above which gains could be extended to 1.4610 levels. On the flip side, support is seen at 1.4470 levels, from here it to 1.4420 levels.
Hovers above 1.4480 levels
Currently, the EUR/AUD cross trades at 1.4487 levels, losing -0.18% on the day, close to fresh daily highs posted at 1.4480 levels few minutes ago. The cross traded lower largely on Aussie strength which continues its recovery after a slump in Chinese imports dragged the pair lower in the Asian session. The cross remains pressured as market participants await this week's Euro group meeting and the European Union summit that may ease the Greek situation
At the moment, the AUD/USD pair trades at 0.7809, up 0.13% on the day. While EUR/USD trades flat at 1.1312 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4550 levels, above which gains could be extended to 1.4610 levels. On the flip side, support is seen at 1.4470 levels, from here it to 1.4420 levels.